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Nov 25 2014

KBS REIT II Continues to Sell Properties at a Profit

KBS Real Estate Investment Trust II has been actively selling off properties all throughout 2014. As a result of those sales being profitable, the REIT paid shareholders a special distribution of $4.50 in September.

Making money through buying, managing, and selling real estate requires proper planning, experienced staff, and good timing.

KBS REIT II seems to have all three working in its favor.

Already this year, the REIT has announced eleven transactions of either single property or portfolio sales.

KBS REIT II early investors had earned $8.50 per share through September. Shares were initially purchased at $10 each.

The REIT began raising capital in 2008 and during its initial public offering, took in equity capital of $1.8 billion.

Be sure to read Investors Soak It In – All $859 Million Of It

Most recently, the REIT sold Crescent VIII, a four-story office building in Greenwood Village, CO, to an unaffiliated purchaser for $16.4 million net of concessions and credits. Purchased in 2010 for $12.5 million, the property’s total cost including capital expenditures and lease commissions was $14.5 million.

According to data from MTS Research Advisors whose employees are now affiliated with RCAP’s SK Research, KBS REIT II owned 19 properties at the end of September 2014. Its current distribution rate is 6.5%.

Article by: Dave LeGacy

Dave LeGacy covers all topics in Direct Investments with a focus on Oil and Gas, BDCs, and affiliate firms. If you have comments, ideas, or topic suggestions please email him at

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